UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
May 13, 2014
BEL FUSE INC.
(Exact Name of Registrant as Specified in its Charter)
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New Jersey
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0-11676
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22-1463699
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(State or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS Employer Identification No.)
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206 Van Vorst Street, Jersey City, New Jersey
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07302
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code: (201) 432-0463
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On May 13, 2014, certain information concerning the previously announced, proposed acquisition of Power-One Power Solutions by Bel Fuse Inc. (“Bel” or the “Company”) was made available at the Company’s Annual Meeting of Shareholders. This information is available on the Company’s website at belfuse.com, and is also attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit 99.1– Information concerning the previously announced, proposed acquisition of Power-One Power Solutions by Bel Fuse Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: May 16, 2014
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BEL FUSE INC.
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(Registrant)
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By:
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/s/ Daniel Bernstein
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Daniel Bernstein
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President and Chief Executive Officer
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EXHIBIT INDEX
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Description
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| 99.1 |
Information concerning the previously announced, proposed acquisition of Power- One Power Solutions by Bel Fuse Inc.
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April 2014 The Bel family of products has provided innovative, application-specific solutions and unparalleled service to diversified markets for more than 60 years, establishing Bel as a world leader in interconnect products, power modules, circuit protection, and magnetics. Power-One Power Solutions April 2014 Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Bel Acquisition Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Power-One Business Overview Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Global Power Solutions Footprint Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Category BEL POWER-ONE COMBINED (ICM) Revenue $43M $251M $294M Employees 375 2,000 2,375 Power R&D Centers 3 3 6 Facilities 60,000 sq ft 337,000 sq ft 397,000 sq ft Bel and Power-One Combined Resources BENEFIT DETAILS Competitive Advantage Reduced material costs Optimizing Manufacturing Best practice implementation at all sites Expanded Product Portfolio Lead player in BMP and FE solutions Bel and Power-One Shared Benefits Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Bel Product Categories - Power Interconnect • Circuit Protection • Power Modules • Magnetics Front Ends Board Mount Power Circuit Protection Network Power Systems
April 2014 Power Group Sales History $294M Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Diversified Customer Base Computing Networking Telecom Mil-Aero-Ind Serving Large – Emerging Markets Our Customers are Global Market Leaders Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Complete, industry leading power product portfolio Expanded market presence for both organizations Power-One brings Industrial, Rail, and A/C Front End Bel brings Military, Aerospace Both have a presence in Transportation Greater sales and customer service presence in Europe France Ireland Russia Synergistic sales opportunities with customers that only one organization is strong with Strengthen positions with key customers that both organizations support currently Strategic Rationale Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 World Class offering for Industrial Power World Class set of solutions for Transporation Complete set of Battery Charging Platforms Complete offering of analog and digital PoL’s Extension of digital product offerings High Power/High Voltage mid bus story Complete offering of Front End solutions Enterprise grade for Data Applications (processing, storing, moving) Industrial Broadcasting Technologies targeting higher value LED lighting segments Commercial grade architectural High Bay Street Complete fully isolated brick offering Industrial foot prints High Power RBC’s POE Sourcing Complete Power Offering Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 The closing is expected to happen in late Q2 2014 Until closing, both companies must continue to operate as separate, competitive independent companies and are not permitted to disseminate the future plans. Next Steps Interconnect • Circuit Protection • Power Modules • Magnetics
April 2014 Together a force in the industry Interconnect • Circuit Protection • Power Modules • Magnetics